Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: KuCoin against Bybit+0.190%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days−0.170%−$17 · spread now +0.190%, 7d avg +0.044%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.147% dearer against Bybit than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.4685	0.0100	pay 0.0100% / 8h	5h 06m	$224.3M	$426.4M	75x
Short	KuCoin NEARUSDTM	4.4770	0.0100	get 0.0100% / 8h	5h 06m	$55.3M	$45.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now +0.190%Rate

Funding earned: $0
Price spread: +0.190% → +0.044%: $14.66
Slippage, 4 orders: −$31.61
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.95
Costs to cover: 0.546%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 2 min ago	1.11 bp	8.0 bp −$8	14.5 bp −$145	34.9 bp −$3,490	208.3 bp −$104.2K
Sell KuCoin live order book, 2 min ago	3.31 bp	14.9 bp −$15	38.2 bp −$382	96.2 bp −$9,624	doesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	4.4874	+0.424%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4860	+0.392%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5041	+0.798%	$111K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5042	+0.799%	$538K	$21.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4959	+0.613%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.329%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4960	+0.615%	$113K	$513K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.5048	+0.812%	$430K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4719	+0.077%	$274.4M	$1.11B	75x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.4685	long leg	$224.3M	$426.4M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4650	−0.078%	$64.2M	$304.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5467	+1.749%	$259K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4690	+0.011%	$32.5M	$65.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4730	+0.101%	$79.0M	$149.1M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.4770	+0.190%	$55.3M	$45.8M	75x
Bitget NEARUSDT	+0.0100%	8h	4.4635	−0.112%	$73.5M	$130.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4740	+0.123%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5696	+2.263%	$8.8M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5326	+1.435%	$272K	$976K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5311	+1.401%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5320	+1.421%	$174K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4862	+0.396%	$222K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4923	+0.533%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4980	+0.660%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4900	+0.481%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4920	+0.526%	$464K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4890	+0.459%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.5031	+0.775%	$33K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4945	+0.582%	$209K	$40K	3x	as long as short
Extended NEAR-USD	+0.0184%	1h	4.4783	+0.220%	$4.1M	$19.4M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4890	+0.459%	$14.2M	$33.7M	75x	as long as short
Aster NEARUSDT	+0.0299%	8h	4.4792	+0.240%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0358% / S −0.0247%	1h	4.4925	+0.537%	$270K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.5060	+0.839%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.5120	+0.973%	$218K	$1.8M	10x	as long as short
Nado NEAR-PERP	+0.0433%	1h	4.4850	+0.369%	$1.9M	$3.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0530%	1h	4.4925	+0.537%	$2.0M	$4.5M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0553%	1h	4.4817	+0.295%	$1.4M	$6.7M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0686%	1h	4.4926	+0.538%	$8.3M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0704%	1h	4.4923	+0.533%	$1.6M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0787%	1h	4.4735	+0.112%	$373.2M	$323.4M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5453	+1.719%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.5077	+0.877%	$576K	$1.4M	10x	as long as short
Lighter NEAR	+0.1136%	1h	4.4734	+0.110%	$18.0M	$27.0M	15x	as long as short
Aftermath Perps NEARUSD	+0.1601%	1h	4.5331	+1.445%	$6K	$12K	10x	as long as short